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Citizens Financial Group (LTS:0HYP) Scaled Net Operating Assets : -0.02 (As of Mar. 2024)


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What is Citizens Financial Group Scaled Net Operating Assets?

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Citizens Financial Group's operating assets for the quarter that ended in Mar. 2024 was $177,350 Mil. Citizens Financial Group's operating liabilities for the quarter that ended in Mar. 2024 was $182,874 Mil. Citizens Financial Group's Total Assets for the quarter that ended in Dec. 2023 was $221,964 Mil. Therefore, Citizens Financial Group's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2024 was -0.02.

Citizens Financial Group Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Citizens Financial Group's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2023 is calculated as

Scaled Net Operating Assets (SNOA)(A: Dec. 2023 )
=(Operating Assets (A: Dec. 2023 )-Operating Liabilities (A: Dec. 2023 ))/Total Assets (A: Dec. 2022 )
=(209931-183650)/226733
=0.12

where

Operating Assets(A: Dec. 2023 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=221964 - 12033
=209931

Operating Liabilities(A: Dec. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=197622 - 13467 - 505
=183650

Citizens Financial Group's Scaled Net Operating Assets (SNOA) for the quarter that ended in Mar. 2024 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Mar. 2024 )
=(Operating Assets (Q: Mar. 2024 )-Operating Liabilities (Q: Mar. 2024 ))/Total Assets (Q: Dec. 2023 )
=(177350-182874)/221964
=-0.02

where

Operating Assets(Q: Mar. 2024 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=220448 - 43098
=177350

Operating Liabilities(Q: Mar. 2024 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=196687 - 12560 - 1253
=182874

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Citizens Financial Group Scaled Net Operating Assets Related Terms

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Citizens Financial Group (LTS:0HYP) Business Description

Industry
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Address
One Citizens Plaza, Providence, RI, USA, RI 02903
Website
https://www.citizensbank.com
Citizens Financial Group is a bank holding company headquartered in Providence, Rhode Island. Its two primary business segments are consumer banking and commercial banking. Citizens offers a mix of retail and commercial products including capital markets and wealth options. The bank has over 1,000 branches in 14 states, although it is primarily concentrated in the Northeast. It has over $220 billion of total assets.